Page 912 - Business Finance
US dollar retreats amid soft economic data
The US dollar declined as market participants digested a slew of downbeat data.
Renowned American investor detained in Russia
An American national and one of Russia's well-known foreign investor was detained in Moscow over fraud charges.Michael Calvey is the founder of Baring Vostok Capital Partners, an investment firm that came into existence in 1994 and has raised around USD 3.7 billion in capital, according to its website.As part of a large-scale fraud investigation, a Russian court on Friday ordered Calvey's extension to be extended for 72 hours, Moscow's Basmanny court spokeswoman Yunona Tsaryova told CNN.She refused to comment about the charges against the American investor, but said that a session to levy pre-trial restrictions would take place on Saturday.Apart from Calvey, five others were detained over fraud charges -- three Baring Vostok employees, Alexey Kordichev, chairman of the board of directors of Vyatka Bank and Maxim Vladimirov, general director of Perviy Collector Bureau, a debt collection firm, according to Russia's state-run RIA Novosti news agency.In a statement, Baring Vostok said ...
Fed policymakers see one U.S. rate hike, or none, as growth slows
BIRMINGHAM, Ala./SAN FRANCISCO (Reuters) - When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing.
Progress in U.S.-China trade talks sparks world stock rally
NEW YORK (Reuters) - Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds.
Wall Street rallies on trade optimism
NEW YORK (Reuters) - Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war.
Amazon places big bet on aspiring Tesla rival Rivian
DETROIT/SAN FRANCISCO (Reuters) - Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector.
Wall Street rallies on trade hopes
NEW YORK (Reuters) - Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war.
Oil rises over two percent to 2019 highs on tightening supplies
NEW YORK (Reuters) - Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment.
XPO Logistics' top customer pulls back, Amazon suspected
LOS ANGELES (Reuters) - XPO Logistics Inc shares sank more than 14 percent on Friday after it said its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds.
Citi U.S. economic index posts biggest weekly drop since 2011
NEW YORK (Reuters) - Citi Research's gauge on U.S. economic data surprises fell 40.7 points this week for its biggest weekly decline since June 2011, as the latest data on retail sales and factory output fell far short of market expectations.
Big U.S. exchanges to sue SEC over 'overreaching' fee experiment
NEW YORK (Reuters) - The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.
Gold scales two-week peak; palladium matches record high
Gold jumped to a two-week high on Friday after weak U.S. economic data boosted expectations the U.S. Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.
Apollo to buy Cox TV stations in broadcast push
(Reuters) - Buyout firm Apollo Global Management LLC has agreed to acquire a majority stake in 14 television stations from privately held Cox Media Group, the company said on Friday, a move that sets up Apollo to become a player in broadcasting, an industry it has sought deals in for some time.
After strong 2019 start for U.S. stocks, trade verdict looms
NEW YORK (Reuters) - Optimism about a U.S.-China trade agreement has helped drive U.S. stocks to more than two-month highs, creating a make-or-break moment for Wall Street as a year-long clash between the world's two largest economies comes to a head.
Wall Street rallies on U.S.-China trade optimism
NEW YORK (Reuters) - Wall Street rallied on Friday on growing hopes the United States and China can hammer out an agreement resolving their protracted trade war.
Citi U.S. economic index posts steepest weekly fall since 2011
NEW YORK (Reuters) - Citi Research's gauge on U.S. economic data surprises fell 40.7 points this week for its biggest weekly decline since June 2011, as the latest data on retail sales and factory output fell far short of market expectations.
Oil prices rise two percent on signs of further Saudi tightening
NEW YORK (Reuters) - Oil prices climbed more than 2 percent on Friday after an outage at Saudi Arabia's offshore oilfield boosted investor expectations for tightening supply.
US-China trade negotiations: Trump says could extend March 1 deadline
Asserting that the trade negotiations with China were going "extremely well", US President Donald Trump on Friday said he would soon be meeting his Chinese counterpart Xi Jinping and indicated the possibility of extending the deadline for a trade deal with Beijing beyond March 1. Addressing a Rose Garden press conference, Trump said the US and China are nearing a trade deal that would benefit the two countries. It could "be the biggest deal ever made", he said, adding that "there are many points" that the US is bringing up that "nobody ever brought up or thought to bring up. They are very important because we were on the wrong side of every one of them". Trump is demanding China to reduce the USD 375 billion trade deficit and protection of intellectual property rights (IPR) and more access to American goods to Chinese markets. He has already increased the tariffs on over USD 250 billion Chinese exports to US and threatened to extend tariffs on USD 200 billion Chinese imports to 25 per
Wall Street gains on U.S.-China trade optimism; Trump declares emergency
(Reuters) - Wall Street's main indexes were set on Friday to post their biggest weekly gain in nearly a month, as investors were optimistic about the ongoing trade talks to resolve a bruising tariff dispute between the United States and China.
Russia's RDIF, Germany's Siemens sign deal on $4.5 billion rail link
MOSCOW (Reuters) - Russia's RDIF sovereign wealth fund and a unit of Germany's Siemens signed an agreement on working together on a 300 billion rouble ($4.5 billion) high-speed rail link between the Russian cities of Chelyabinsk and Yekaterinburg, RDIF said on Friday.